Technical Analysis: BlackRock's stock shows bearish signals in the short term based on technical indicators:
Price Target Analysis: Based on Fibonacci levels:
News Impact: Recent positive catalysts:
However, negative factors include:
Price Prediction for Next Week: Given the technical weakness and current market conditions, BLK is likely to test support levels:
Key reasons:
Trading Strategy:
The price of BLK is predicted to go up 10.42%, based on the high correlation periods with GURE. The similarity of these two price pattern on the periods is 94.49%.
BLK
GURE
Year
BLK Price Forecast($)
Potential Return(%)
2025
1,025.840
0.490
2026
1,250.000
16.230
2027
1,450.000
34.820
2028
1,450.000
34.820
2029
1,450.000
34.820
2030
1,500.000
39.470
BlackRock is the largest asset manager in the world, with $10.473 trillion in AUM at the end of March 2024 and clients in more than 100 countries.
Product diversity and a heavier concentration in the institutional channel have traditionally provided BlackRock with a much more stable set of assets than its peers.
BlackRock's well-diversified product mix makes it fairly agnostic to shifts among asset classes and investment strategies, limiting the impact that market swings or withdrawals from individual asset classes or investment styles can have on its AUM.
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